RIYADH / WAM Members of the Cooperation Council for Arab States of the Gulf (GCC) have declared their full backing for Saudi Arabia’s decision to conduct a comprehensive review of its relations with Lebanon and halt its US$4 billion arms deals for the Lebanese Armed Forces and Internal Security Forces. “The members of the GCC back the decision which the …

Critics have already begun writing their obituaries for Abenomics, after the latest disappointing data showed Japan’s economy is yet to get off its hospital bed despite massive monetary stimulus. But for a government searching for more answers, the solution might lie closer to home than in the realm of exotic policy instruments. On Thursday, the Organization for Economic Cooperation and …

Financial Secretary John Tsang Chun-wah is going to announce the government’s fiscal budget for 2016-17 on Wednesday. The Association of Chartered Certified Accountants Hong Kong (ACCA) estimates that the government will record a surplus of approximately HK$70 billion (US$9 billion). Given there has been a significant surplus consistently over the past few years, leading to the accumulation of fiscal reserves …